Netflix's Bird Box Film Also Includes Real Disaster Footage

Netflix declines to remove controversial footage from 'Bird Box'

Q4 revenue: $4.19 billion, versus Wall Street estimates of $4.21 billion and Netflix's forecast of $4.20 billion. The production company's president Carrie Mudd told the Canadian Press it got the imagery from stock footage supplier Pond5, whose spokesperson Tina Witoshkin told BuzzFeed News the footage "was taken out of context and used in entertainment programming". Top that off with an additional 1.5 million domestic subscribers that joined the service, and the company gained a total of 8.8 million subscribers in the quarter.

It's not just "Bird Box" either, as the footage was also sold to another Netflix production called 'Travelers'.

And with premium subscriptions now sitting at $16 per month, it's not out of the realm of possibility that Netflix could eventually charge $20 per month for the ability to stream 4K content in the future.

Overall, Netflix said it serves about 100 million hours of video per day, earning an estimated 10 percent of television screen time in the United States.

According to Piper Jaffray's Michael Olson and Yung Kim, roughly 60% of internet-connected US households, but just 15% of the worldwide market.

In a letter to shareholders Thursday, Netflix said it expects the price hike to be "phased in" for existing customers in the first two quarters of 2019.

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Shares of Netflix Inc fell more than 2 percent on Friday, as several investors looked past its record subscriber numbers and instead focused on its lower-than-expected revenue forecast for the first quarter.

For the current quarter, when prices will increase for new customers, Netflix predicts 8.9 million new paid customers, higher than analyst expectations heading into the report of about 7.8 million on average.

The company ended 2018 with 139 million paying members, having added 29 million of them during the year. This week, Netflix introduced price increases, and some of its subscribers have had enough. Views of Netflix content are only counted if an account watches 70 percent of a show or movie, according to the company. The losses will start to shrink thereafter, the company said.

The streaming giant posted revenue of US$4.19 billion in the period, compared with a US$4.21 billion projection from analysts.

Netflix investment in content will be "more of the same, but on a continued and larger scale", said chief content officer Ted Sarandos.

According to North Shore News, the footage was first spotted by high school ethics teacher Guillaume Bouchard while he was watching Season 3 of Netflix original sci-fi series Travelers.

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